These actions occur after the promise of the Minister of Economy, Sergio Massa, who assured that he was going to combat speculation with the blue dollar.
Between the operatives that advances the Government with the aim of imposing stricter control in the exchange market and avoid maneuvers with the illegal dollar, The Executive has been implementing a series of measures such as incorporating exchange houses into SIOPEL, the system in which all operations in the official exchange market are recorded.
In that context, the central bank (BCRA) notified the company through the Official Gazette Free Change SAS., a former exchange agency. The notification informs that the Superintendent of Financial and Exchange Entities (SEFyC) decided to impose a fine of $36,000,000 (thirty-six million pesos).
The fine is imposed for aviolation of exchange regulations. The text does not specify what the violation is, but it is possible that it is an illegal exchange operation or a violation of current exchange restrictions.
The notification states that Free Change has a term of 5 banking days to pay the fine or request shelter to the facility regime for payment thereof. If notthe fine will be collected through tax enforcement.
The text also informs that Free Change can file an appeal against the SEFyC resolution. The appeal must be submitted to the General Entry Desk of the BCRA, from Monday to Friday from 10 a.m. to 2 p.m. In case of filing appealso, Free Change must comply with the requirements established in Agreement 13/05 of the National Chamber of Appeals in Federal Administrative Litigation.
Dollar: BCRA measures
At the end of August, the organization led by Michelangelo Pesce established that all entities authorized to operate in the exchange market must channel their operations through the Electronic Operations System (SIOPEL).
“The measure will allow improve control over the operations of agencies and exchange houses“The BCRA then stated in a statement complementary to the issued standard.
These actions occur within the framework of the announcements made in recent weeks by the Minister of Economy, Sergio Massawho assured that he was going to combat the speculation that many actors in the City make with the purchase and sale of Dolar bluethe so-called mash (which is an arbitrage of the gaps) and operations of money laundering. In this framework, recently, several raids in different caves and also in brokerage houses in which it was detected that irregular exchange activities were carried out linked to the laundering of assets of some clients.
Source: Ambito
